Bitcoin Bubble Burst Just A Matter Of When, Not If, Allianz Global Says

March 14, 2018

rttnews.com

Source: rttnews.com

Bitcoin meets all of the essential criteria for an asset bubble, which is sure to burst soon and the spillover effects into traditional financial system would be limited, while the blockchain technology holds promise for investors, Allianz Global Investors said. The top cryptocurrency"s trajectory resembles a textbook case of a financial-market bubble that may soon pop, the firm said.